SAIC Motor (SHSE:600104) Total Operating Expense: ¥63,203 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600104 SAIC Motor Corp Ltd SHSE:600104
62 GF Score
Price ¥10.39
GF Value ¥13.95
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is SAIC Motor Total Operating Expense?

SAIC Motor SHSE:600104 -1.24% 62 Total Operating Expense is ¥63,203 Mil as of Mar. 2026. GuruFocus rates SHSE:600104 with a GF Score™ of 62/100 and a GF Value™ of ¥13.95 (Modestly Undervalued). The stock has 4 warning signs investors should review.

SAIC Motor's Total Operating Expense for the three months ended in Mar. 2026 was ¥13,576 Mil. SAIC Motor's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was ¥63,203 Mil.


SAIC Motor Total Operating Expense Related Terms


SAIC Motor Total Operating Expense Historical Data

* Premium members only.

The historical data trend for SAIC Motor's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SAIC Motor Total Operating Expense Chart

SAIC Motor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 74,994.48 75,538.22 68,222.33 58,510.90 62,718.10

SAIC Motor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13,091.61 13,782.84 15,838.96 20,004.70 13,576.25
SHSE:600104
62GF Score
SAIC Motor Corp Ltd SHSE:600104
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAIC Motor Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥63,203 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of ¥63,203 Mil mean?
SAIC Motor (SHSE:600104) has a Total Operating Expense of ¥63,203 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on SAIC Motor and its competitors.
Is SAIC Motor's Total Operating Expense too high?
SAIC Motor's current Total Operating Expense is ¥63,203 Mil. Overall, SAIC Motor has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAIC Motor's Total Operating Expense compare to TSLA and GM?
SAIC Motor's Total Operating Expense of ¥63,203 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Vehicles & Parts company?
A good Total Operating Expense depends on the Vehicles & Parts industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on SAIC Motor and its competitors. SAIC Motor's current Total Operating Expense is ¥63,203 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAIC Motor stock overvalued right now?
Based on GuruFocus' analysis, SAIC Motor (SHSE:600104) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.95, compared to a current price of ¥10.39 — trading 25.5% below its estimated fair value. The current Total Operating Expense is ¥63,203 Mil. SAIC Motor's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For SAIC Motor (SHSE:600104), the current Total Operating Expense is ¥63,203 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SAIC Motor (SHSE:600104) Overvalued in 2026?

Based on GuruFocus' analysis, SAIC Motor stock appears to be undervalued. The current stock price of ¥10.39 is trading 25.5% below its estimated GF Value™ of ¥13.95. GuruFocus considers SAIC Motor to be Modestly Undervalued.

Key valuation signals for SHSE:600104:

  • Total Operating Expense: ¥63,203 Mil
  • GF Value™: ¥13.95 vs. price of ¥10.39 (25.5% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SAIC Motor Business Description

Address No. 489, Weihai Road, Jingan District, Shanghai, CHN, 200041
SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. The company operates its business through two segments: the Vehicle and Parts Segment and the Financial Services Segment. The Vehicle and Parts segment focuses on the manufacturing and sale of automobiles and components. The Financial Services segment is engaged in offering various financial solutions. It generates the majority of its revenue from the Vehicle and Parts Segment.
62GF Score

Get the complete analysis for SHSE:600104

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥10.39
Price
¥13.95
GF Value